Benchmark announced that it has agreed to acquire Videntis, a provider of data technology to aquaculture and agriculture producers.
Videntis' technology enables producers to have real-time data and feedback on feed efficiency, welfare and product quality.
"We have worked with Videntis for a number of years," stated Malcolm Pye, Chief Executive of Benchmark. "Videntis' IP and expertise support our strategy of combining biology and technology to benefit our customers. Data technology is an increasingly important tool to maximize yield and to manage biological challenges. Combined with Benchmark's products it allows us to offer an integrated solution to our clients."
Benchmark agreed to acquire Videntis for an initial consideration of £150,000 and a total consideration of up to £300,000.